Market News

  • Asia stocks mixed as China surges on new shorting rules

    Asian stocks were mixed in afternoon trading, as China announced new rules restricting short selling after a recent market rout and Australia held interest rates at rock-bottom levels. In Australia, the benchmark S&P/ASX200 index advanced 0.33 percent, or 18.6 points to close at 5,697.9. Shanghai…

    AFP15 mins ago
  • Europe Stocks Little Changed as Miners Offset Banks, Greece Drop

    Anglo American Plc and Rio Tinto Group each rose 2.4 percent, pushing miners to the biggest gain on the Stoxx Europe 600 Index as some metal prices rebounded. Credit Agricole SA dragged lenders lower, tumbling 9.4 percent after signaling it failed to win backing from regulators for a…

    Bloomberg30 mins ago
  • Commodities and Treasury yields recover poise

    Tuesday 10:30 BST. Industrial commodities and Treasury yields are recovering some poise after recent falls but many stock markets remain cautious amid lingering concerns that a slowing Chinese economy ...

    Financial Times30 mins ago
  • Wall Street on edge after oil rout, tech in focus

    U.S. stock index futures pointed to a lower open on Tuesday following a sharp 5 percent drop in oil prices seen overnight, as investors gear up for employment data later due later in the week.

    CNBC37 mins ago
  • U.K. Inflation Gauge Drops as Commodity Slump Damps Rate Outlook

    A gauge of the outlook for U.K. inflation touched the lowest since May amid a slump in commodity prices that may hinder the Bank of England’s progress toward raising interest rates. U.K. government bonds climbed for a fourth day even as the Debt Management Office prepared to auction 3 billion…

    Bloomberg
  • Earnings-day blues drags UK shares down

    The FTSE 100 index was down 0.4 percent at 0804 GMT (0904), broadly in line with peers across Europe, though it has so far this year underperformed the region as a commodities sell-off and worries over China demand weigh on London-listed mining and energy shares. While early trading on Tuesday saw…

    Reuters
  • GLOBAL MARKETS-Respite for commodities as dollar wilts, China bounces

    Oil prices steadied at $50 a barrel after a 5 percent drop and badly bruised commodity and Chinese markets were calmer generally on Tuesday, as investors attempted to shake off the recent turbulence. European stocks reversed some of the previous day's gains and safe-haven German government…

    Reuters
  • U.S. Index Futures Little Changed Before Kellogg, Disney Results

    U.S. stock-index futures were little changed, following a two-day drop for equities, as investors awaited earnings from companies including Kellogg Co., Walt Disney Co. and Aetna Inc. S&P’s 500 E-mini ...

    Bloomberg
  • Bangladesh's July inflation rises on non-food prices -planning minister

    Bangladesh's annual inflation picked up in July for a second straight month, the country's planning minister said on Tuesday, led by a rise in non-food prices. Consumer prices in July rose 6.36 percent ...

    Reuters
  • Athens stock market down 3.64 percent in early trading

    The Athens stock market fell more than three percent early Tuesday after suffering a record fall of more than 16 percent on the first day of trading after a five-week shutdown. The previous worst loss in the stock market's history was a 15.03 percent tumble in 1987. The reopening of the stock…

    AFP
  • Greek banking stock plunge again as debt crisis dominates

    The overall Athens General Index (.ATG) was down around 4 percent after opening higher. Gaming group OPAP (OPAr.AT) was up 3.5 percent and Aegean Airlines (AGNr.AT gained 2.7 percent. The Athens index lost 16.2 percent on Monday, the worst fall on record, wiping out nearly 8 billion euros (5.62…

    Reuters
  • BSE Sensex falls more than 1 pct after RBI holds rates

    MUMBAI (Reuters) - The BSE Sensex and Nifty fell more than 1 percent on Tuesday, on track to snap their four-session winning streak, with financial and IT stocks leading the decline as investors turned ...

    Reuters
  • Global Stocks Mixed Amid Commodities Slump

    Global stocks were mixed, as a recent slump in commodity prices continued to heap pressure on the oil sector, while fresh measures to curb volatility in China prompted a share rally there.

    The Wall Street Journal
  • South Africa Mining Shares Fall to Multiyear Lows as Metals Drop

    South African commodity stocks, including Kumba Iron Ore Ltd. and Impala Platinum Holdings Ltd., sank to multiyear lows as metal prices tumbled. Kumba, a unit of London-based Anglo American Plc, led declines on the FTSE JSE Africa All Share Index, dropped as much as 7.1 percent to an all time low.…

    Bloomberg
  • German Yield Spread Shrinks as Commodities Depress Inflation Bet

    The yield difference between Germany’s two-and 30-year government bonds narrowed to the least in two months amid speculation euro-area inflation will slow as commodities slump. Bond measures show investors’ outlook for inflation is falling. German 30-year bund yields dropped three basis points,…

    Bloomberg
  • Silver miner Fresnillo to cut 2015 capital expenditure budget

    About $90 million of the cut would come from deferred spending at its Cienega and Saucito mines, Chief Executive Octavio Alvídrez said on a media call. Fresnillo, which mines silver and gold from six mines in Mexico, said it would defer about $130 million of its previously planned $700 million…

    Reuters
  • S.Africa tells Glencore to shut coal mine over job cuts

    South Africa's mines minister told Glencore (GLEN.L) on Tuesday to shut a coal mine because of the way it planned to carry out job cuts while the company said its operations were unsustainable because state power firm Eskom did not pay fair prices. The 10 million tonne-a-year Optimum Coal Mine…

    Reuters
  • Greece stock market hit with more losses as banking shares plunge

    Greek stocks were down 4.5 percent in early trade on Tuesday, dragged down by another near 30 percent plunge in banking stocks, a day after sustaining record losses when the bourse opened following a five-week shut down. The main Athens index lost 16.2 percent on Monday, the worst fall on…

    Reuters